Danmarks Nationalbank regularly responds to consultations, for example when new bills are submitted for consultation. Consultation responses provide insight into Danmarks Nationalbank’s views on specific proposals within topics that fall within Danmarks Nationalbank’s purpose.
Response to the European Commission’s consultation on the competitiveness of the EU banking sector
The banking sector is a key component in the financing of firms and households. A more efficient and competitive banking sector therefore matters not only to the sector itself, but to the overall economy. Danmarks Nationalbank supports efforts to simplify and harmonise financial regulation in the EU, as this is key to strengthening the efficiency, scalability, and competitiveness of European financial markets, including the banking sector. Danmarks Nationalbank emphasises that such efforts must not come at the expense of financial stability, which remains the first-order principle of the financial framework, including robust capital and liquidity requirements and a credible resolution framework for failing banks. Provided that these core elements are preserved, there is room to simplify other parts of the framework in support of banks’ competitiveness without compromising financial stability.